Legal Question in Business Law in Florida

LLC corporations

I am a successful incorporated Dr, and I am trying to get financing to purchase commercial face, my question is.my credit score is bad 555 student loans etc...how can I get a loan using my corporation? Do I or should I form an LLC


Asked on 8/14/07, 3:03 pm

1 Answer from Attorneys

Scott R. Jay Law Offices of Scott R. Jay

Re: LLC corporations

NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.

If your credit score is that low, you will have a hard time getting a loan regardless of how you apply. In order to apply for a loan through a corporation or LLC based on its credit, you have to have a history of several years of doing business that would warrant such a loan. Generally, most lendors will require you to join in on the loan and your score would prove very detrimental to your application.

Scott R. Jay, Esq.

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Answered on 8/14/07, 10:07 pm


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